ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including a coalition of UK pension funds joining forces to support climate transition in emerging markets, and a net zero pledge from Clara-Pensions.
12 UK pension funds to drive emerging markets climate transition
The Church of England Pensions Board has brought together 12 of the UK’s largest pension funds with the aim of investing in climate transition in emerging economies. The funds, which include the Universities Superannuation Scheme, BT Pension Fund and Nest, have committed to better understanding the needs of emerging economies and the climate transition finance required by governments and companies, as well as the potential for greater investment scale beyond their existing individual investment activities. The initiative has won the support of pensions minister Guy Opperman.
Clara-Pensions commits to net zero
Clara-Pensions has committed to achieving a net zero emissions investment portfolio by 2050. Clara has set an initial long-term commitment (2050), an initial medium-term ambition (2030), and a short-term objective (2025) on climate change. The consolidator will start its journey to a net zero portfolio with the aim of being on a path to achieve the Paris Agreement goals for all listed investments by 2025. By 2030 it intends to be aligned with the Paris Agreement goals for all listed and non-listed investments, finally meeting the Paris Agreement goals in their entirety by 2050 and having net zero emission investments.
This article originally appeared on MandateWire.com
